Month: February 2013

FINRA Offers Guidance on FINRA Suitability Rule 2111

In Regulatory Notice 12-55, FINRA addressed a requirement of FINRA Rule 2111 (Suitability), that a broker-dealer or Registered Representative “have a reasonable basis to believe that a recommended transaction, or  involving a security or investment strategy involving a security or securities, is suitable for the customer” based upon the customer investment profile.  Since the implementation […]

Read Post

Deferred Variable Annuities and Client Suitability

Deferred variable annuities are investment products which have features with both insurance and securities (mutual fund) characteristics.  They may be purchased in non-qualified (non-retirement) type accounts as well as in tax-qualified, employer-sponsored retirement or benefit plans.    FINRA Conduct Rule 2330 requires that brokers selling these products adhere to FINRA’s new Suitability Rule 2111 and […]

Read Post

Have a Question?

Quick Contact

Recent

Blog Posts

Blog Post

Archive